Boeing stopping first and business-class travel for executives, BI reports

Boeing is “eliminating” first and business-class travel for executives, according to a memo to employees on Monday which has been viewed by Business Insider, Tom Carter reports. In addition to previously reported hiring freezes and potential furloughs, CFO Brian West said the company would eliminate all first and business-class travel for workers, including executives. The planemaker said it’s also pausing pay increases for managers and execs and asking suppliers to halt shipments of parts for some planes, Carter writes. In addition, Boeing stopping all non-customer-related catering services at its offices, per the memo, with West warning that Boeing’s business is entering a “difficult period.”